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What to Expect When Phillips 66 (PSX) Reports Earnings Friday

NEW YORK (TheStreet) -- Phillips 66 (PSX - Get Report) will release its 2015 third quarter earnings results before the market open on Friday morning.

Analysts are expecting the oil and gas refining company to post a year over year rise in earnings per share but a decline in revenue for the most recent quarter.

The company has been forecast to report earnings of $2.24 per share on revenue of $29.7 billion for the September ended period.

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Phillips 66's earnings came in at $2.09 per share on revenue of $41.05 billion for the 2014 third quarter.

Based in Houston, Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing and specialties businesses.

Shares of Phillips 66 closed higher by 1.64% to $84.89 on Wednesday afternoon. Energy stocks rallied today due to the rise in oil...